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Liam Denning

Shale's Mister Fix-It: Saudi Arabia

By keeping oil prices afloat, the kingdom helps rivals cling to life.

Things are looking up in Shalelandia these days. Oil prices, despite the most recent drop, have stayed close to $50 a barrel. Rig-counts and production are rising. Even Saudi Arabia is looking discombobulated.

Lest we forget, though, the chief reason things are looking up is because E&P companies fell way down.